The Latest Sd Wan Industry Statistics Explained
The global SD-WAN market size was valued at USD 1.4 billion in 2019.
The statistic “The global SD-WAN market size was valued at USD 1.4 billion in 2019” indicates the total monetary value of the software-defined wide area network (SD-WAN) market worldwide in the year 2019. This figure reflects the combined revenue generated by companies offering SD-WAN solutions and services during that time period. The market size serves as a key metric for understanding the scale and growth potential of the SD-WAN industry, highlighting its significance in the broader landscape of networking technologies. Tracking changes in market size over time can provide insights into industry trends, adoption rates, and future projections for SD-WAN technology.
It is forecasted to register a CAGR of 38.6% from 2020 to 2027.
The statistic indicates that a certain variable is expected to experience a Compound Annual Growth Rate (CAGR) of 38.6% from 2020 to 2027. The CAGR is a measurement used to determine the annual growth rate of an investment or business over a specified period, assuming the growth happens at a steady rate. In this context, the forecasted CAGR of 38.6% suggests a significant growth trajectory for the variable in question over the specified time frame, indicating a rapid and substantial expansion in its value or impact.
North America is expected to hold the largest market size in the SD-WAN (Infrastructure) market during the forecast period.
The statistic implies that North America is forecasted to dominate the SD-WAN (Infrastructure) market in terms of market size over a specified period. This suggests that the region is expected to have the highest amount of investment, sales, or adoption of SD-WAN infrastructure compared to other regions worldwide. Factors contributing to this projection could include the technological advancement, economic strength, innovative trends, or growing demand for software-defined wide area networking solutions in North America. This indicates a significant opportunity for businesses operating in the SD-WAN sector to target and capitalize on the North American market during the forecasted period.
The on-premises deployment model is expected to contribute a higher revenue to the overall SD-WAN market.
This statistic suggests that the on-premises deployment model is anticipated to generate a greater amount of revenue compared to other deployment models within the software-defined wide area network (SD-WAN) market. This could be due to factors such as increased demand for security, data control, and customization that on-premises solutions offer businesses. Additionally, organizations may prefer on-premises deployments to maintain compliance with specific regulations or to address unique network requirements. As a result, the revenue contribution from on-premises deployments is projected to be significant, demonstrating their continued relevance and importance in the evolving landscape of SD-WAN technology.
The IT & telecom vertical is projected to grow at the highest CAGR from 2020 to 2027 in the SD-WAN market.
The statistic indicates that the Information Technology (IT) and Telecommunications (telecom) sector is expected to experience the highest Compound Annual Growth Rate (CAGR) within the Software-Defined Wide Area Network (SD-WAN) market between 2020 and 2027. This suggests that the demand for SD-WAN solutions within the IT and telecom industry is anticipated to increase at a faster pace compared to other industries over the specified period. Factors such as digital transformation initiatives, increasing reliance on cloud-based applications, and the need for more agile and secure network infrastructures are likely driving this projected growth in the IT & telecom vertical.
The SD-WAN market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The statistic indicates that the Software-Defined Wide Area Network (SD-WAN) market in the Asia Pacific region is expected to have the highest Compound Annual Growth Rate (CAGR) compared to other regions over the forecast period. This implies that the demand for SD-WAN solutions and services is likely to increase at a faster rate in Asia Pacific, driven by factors such as digital transformation initiatives, increasing adoption of cloud services, and the need for efficient and secure network connectivity. As organizations in the region seek to improve their network performance, agility, and cost efficiency, the SD-WAN market is anticipated to experience significant growth opportunities in the coming years.
The cloud deployment model is estimated to grow at the highest CAGR during the forecast period.
This statistic indicates that the cloud deployment model, which involves hosting data and applications on remote servers accessed through the internet, is expected to experience the highest Compound Annual Growth Rate (CAGR) compared to other deployment models over a specific forecast period. This suggests that more organizations are likely to adopt cloud computing solutions due to benefits such as scalability, cost-effectiveness, flexibility, and reduced maintenance requirements. The increasing demand for cloud services, driven by digital transformation initiatives and the need for remote access to data and applications, is projected to propel the growth of the cloud deployment model at a rapid pace in the coming years.
The key industries targeted by SD-WAN vendors include healthcare, retail, BFSI, government, and oil & gas.
This statistic highlights the industries that are the primary focus of SD-WAN vendors, with a particular emphasis on healthcare, retail, BFSI (banking, financial services, and insurance), government, and oil & gas sectors. This indicates that these industries have a high potential for adopting SD-WAN technology due to their specific networking needs, such as secure and reliable connectivity, scalability, and cost efficiency. By targeting these key industries, SD-WAN vendors are strategically positioning themselves to address the growing demand for advanced networking solutions tailored to the unique requirements of these sectors.
Large enterprises held over 60% share in the SD-WAN market in 2019.
The statistic “Large enterprises held over 60% share in the SD-WAN market in 2019” indicates that companies with substantial resources and extensive operations dominated the Software-Defined Wide Area Network (SD-WAN) market during that year. This suggests that big corporations were the primary adopters of SD-WAN technology, which provides a more flexible and cost-effective way to manage and optimize networks across different locations. The high market share held by large enterprises signifies their recognition of the benefits of SD-WAN in enhancing network performance, scalability, and security, and their willingness to invest in implementing this technology to support their business operations.
By 2021, 35% of all WAN edge infrastructure refresh initiatives are predicted to be based on vCPE or SD-WAN.
The statistic suggests that by the year 2021, approximately 35% of all Wide Area Network (WAN) edge infrastructure refresh initiatives are expected to be implemented using either Virtual Customer Premise Equipment (vCPE) or Software-Defined Wide Area Network (SD-WAN) technologies. This indicates a significant shift in the way organizations are managing and updating their network infrastructure, with a growing preference for software-based solutions that offer increased flexibility, agility, and cost-effectiveness compared to traditional hardware-centric approaches. The adoption of vCPE and SD-WAN is projected to streamline network management, enhance security, and improve overall performance, reflecting the industry’s continuous transition towards more modern and efficient network configurations.
More than 85% of U.S. companies are considering implementing SD-WAN.
The statistic that more than 85% of U.S. companies are considering implementing SD-WAN, or Software-Defined Wide Area Networking, indicates a strong and widespread interest in adopting this technology among businesses. SD-WAN offers advanced networking capabilities that help organizations improve network performance, increase security, and reduce costs compared to traditional networking solutions. The high percentage of companies considering SD-WAN implementation suggests a growing recognition of the benefits it can provide in optimizing network operations and supporting digital transformation initiatives. This statistic highlights the significance of SD-WAN as a disruptive technology that is gaining popularity and traction within the business community as companies seek to modernize their networks and stay competitive in the ever-evolving digital landscape.
Enterprise SD-WAN traffic will grow at a CAGR of 37% over the next five years.
This statistic indicates that there is an expected compound annual growth rate (CAGR) of 37% in the volume of traffic managed by software-defined wide area networks (SD-WAN) within enterprise environments over the next five years. This growth suggests a significant increase in data transmission and communication needs within organizations, likely driven by factors such as digital transformation, cloud adoption, and the increasing reliance on remote work. As businesses continue to expand their operations and leverage technology for efficiency and agility, the demand for SD-WAN solutions is expected to rise substantially, leading to a steep upward trend in network traffic within enterprise settings.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.idc.com
2. – https://www.www.idg.com
3. – https://www.www.marketsandmarkets.com
